Bank.notes

Collection Zimbabwe #681

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500000 ZWD

Zimbabwe 2007 1990_present VF P-P-51 Needs review ✦ AI 93%
mismatched_pair
Front
no front image
Back
no back image
Identity

Where & when

Country Zimbabwe
Currency ZWD
Denomination 500000
Series name Bearer Cheque series
Series year 2007
Issue year 2007
Era 1990_present
Legal status demonetized
Predecessor currency Third Zimbabwe Dollar
Successor currency Fourth Zimbabwe Dollar
Subjects & design

What's on the note

Front portrait
Reverse subject Chiremba Balancing Rocks
Watermark
Color palette #d4c5a8,#8b6f47,#5a7d5a
Themes architecture,commemorative
Language / script Latin

Front: Chiremba Balancing Rocks near Harare, a distinctive granite formation that has become a national symbol of Zimbabwe and appears on multiple denominations of Zimbabwean currency. These naturally balanced rock formations are found in Epworth, approximately 12 kilometers southeast of Harare, and have been used as a currency motif since independence in 1980. The rock formation symbolizes the delicate balance required in development and nature.

Back: The reverse displays the Reserve Bank of Zimbabwe seal with a stylized Zimbabwe Bird (the national emblem from the ruins of Great Zimbabwe), the denomination '500000' (Five Hundred Thousand Dollars), expiry date '30th June 2008', issue date '1st July 2007', and the designation 'BEARER CHEQUE'. The serial number AG7067997 appears at lower right, and Dr. G Gono's signature as Governor appears at left. The bearer cheque format was an emergency measure during Zimbabwe's hyperinflation crisis.

Production

How it was made

Issuer Reserve Bank of Zimbabwe
Issuer (native)
Printer
Engraver
Material paper
Dimensions (mm)

Signatures: Governor: Dr. G Gono

Security features: microprint,thread,latent_image

Geography

Zimbabwe in Africa

Zimbabwe in Africa. Other countries on the same continent shown in muted grey.

The story

Background & history

This 500,000-dollar bearer cheque was issued on 1 July 2007 during Zimbabwe's catastrophic hyperinflation period, with an expiry date of 30 June 2008. The 'bearer cheque' designation was adopted by the Reserve Bank of Zimbabwe as an emergency expedient to rapidly introduce high-denomination notes without formally altering the currency. Dr. Gideon Gono served as Governor of the Reserve Bank from 2003 to 2013, presiding over the worst hyperinflation in modern history. This note is part of the Third Zimbabwe Dollar series (ZWD, 2006–2009), which saw denominations escalate from thousands to trillions. The currency was eventually abandoned in April 2009 when Zimbabwe adopted a multi-currency system. These bearer cheques are now demonetized and widely collected as historic artifacts of hyperinflation. The Chiremba Balancing Rocks motif has appeared on Zimbabwean currency since the first post-independence banknotes.

Catalogue

Collector references

Pick # P-51
Krause ID
Rarity tier common
Series range 2007–2008
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VF
Serial number AG7067997
Serial prefix AG

Note shows handling and some soiling consistent with circulation during the hyperinflation period. Some edge wear visible.

Valuation

What it's worth now

$1–$5
Type default range $1–$5
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-10 07:54:58 1.0 5.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (2)
anthropic · claude-opus-4-5 2026-05-10 07:54:58
status: ok · step 2 · $0.1988 · 7395↓ + 1172↑ tokens
anthropic · claude-sonnet-4-5 2026-05-10 07:54:58
status: ok · step 1 · $0.0409 · 7395↓ + 1246↑ tokens
Edits & decisions (1)
image_deleted 2026-05-10 09:45:30
front_image_id: 1361 → (null) back_image_id: None → (null)
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